The global markets are now characterized by moving on deep moving sand rather than stable fertile ground. The final weeks of 2018 may be a new peak for open negative issues to be received next year with the most turbulent conditions.
First ... 30 November 2018
In Argentina, the G-20 summit will be held at the level of country leaders, attended by the top 20 economies representing about 90% of the world's gross domestic product, about 80% of world trade and 66% of the world's population.
The gathering is expected to bring the US and Chinese presidents to a real agreement to ease the tariff crisis between the two countries, but most evidence confirms Trump's willingness to impose more duties on Chinese goods and China's refusal to effectively waive its ambitious Made in China 2025 Which is valued at about $ 300 billion, supports all the country's modern industries, especially technological ones.
Through its media, China has recently given a detailed talk about the Made in China 2025 program and highlighted only the major positive headlines of this economic trend, so as to avoid a clash with its trading partners in Europe and the United States who feel the risks of competition and stay in global markets if China has completed its massive program, which drowns the world with a flood of cheap and medium-quality Chinese exports, especially in emerging markets in high-consumption countries and in developed markets, especially among large segments of middle-class consumers.
The waiver of the Made in China 2025 program is a basic requirement to ease Trump's trade war, but China seems to be on its way even if all its exports to Europe and America are charged double fees that it may not be able to reciprocate, Such as reducing the activities of foreign companies on their land gradually through progressive laws that serve the 2025 trend, as well as the frightening reduction of the national currency, the yuan against the US dollar above the level of 7 yuan per dollar, which also serves the growth of its export flow to the world
Second: December 6, 2018
OPEC meeting to discuss lower oil production levels to restore balance of prices, which lost nearly 31.8% of the highest peak reached for Brent crude on October 3 at $ 86.29 per barrel, which is almost half the distance in the 2014 oil accelerated scenario. , Which reinforces the recurrence of the bottom 20 oil price scene, as happened in early 2016
New data in an old OPEC-cut production program, most notably the second round of US sanctions on Iran, to reset its oil exports by the second half of 2019, as well as the record growth of US stocks coinciding with fierce competition to raise oil output between Saudi Arabia and Russia
The output of Saudi Arabia registered at the beginning of 2018 about 9.95 million barrels and reached 11 million barrels per day in November, as well as Russian production, which rose from 11.17 million barrels at the beginning of this year to currently 11.6 million barrels per day
These productivity gains with their political rather than economic objectives reinforce the great doubt about the ability of OPEC and Russia to commit to achieving the required oil output reduction of 1.4 million barrels per day in 2019. This opens the way for more low oil prices that protect the Trump back Internally by providing billions of dollars for US citizens and creating a positive situation for China that could prompt it to temporarily respond to US demands on the current trade crisis.
Thirdly ... 11 December 2018
British Prime Minister Theresa Mei is looking forward to the approval of 320 members from a total of 639 members to pass the agreement, which begins its actual measures in late March 2019 ...
However, the atmosphere of the expected parliamentary battle, Qi, with many difficulties that undermine the agreement and re-intricate intricate strings of the BRICEST again, day after day, the opposition in the parliament and out of Mai's allies are increasingly opposed ... The former British Defense Secretary Michael Fallon, who is close to May, The need for a new exit agreement, and increased by US President Donald Trump that the current agreement is never serving the US interest ...
The British domestic approach seeks mainly to exclude Teresa Mae from the political scene as a reaction to her confused performance in the BRICEST file and to make better gains in the face of the EU, which has long been criticized by Trump and is seeking to expand its next trade war on its German-
Finally, the global markets are looking with deep concern that the results of these three dates and their possible negative effects will lead to a bottom that will widen after historic leaps in 2018, despite the current high temperature of risk ...